Residential energy management Market is classified by communication technology as Wi-Fi, Ethernet and Home Area Networks (Z-Wave, ZigBee, Home Plug and others). Residential energy management market is segmented on the type of devices as smart meters, smart appliances, smart thermostat, load control switches, smart plugs, gateway and in-home display. On the basis of adoption of residential energy management solutions across various geographies, the market is classified as North America, Latin America, Europe, Middle-East and Africa and Asia Pacific.

Lighting controls, programmable thermostats, HVAC controllers and self-monitoring systems are the key solutions available in residential energy management market. According to U.S. Energy Information Administartion (EIA) residential sector account for 18% of total energy consumption globally, thus creating need for an energy management system. Residential energy market is currently immature; however, with increasing importance of home automation and control, the market is anticipated to have tremendous potential due to which is expected to have significant revenue opportunities in the near future.Under residential sector space heating and cooling, water heating consumes maximum energy and thus are the most targeted areas for energy management solutions.

Nowadays, companies which are dealing with energy consuming products or services are partnering with energy management solution providers to create new services in residential energy management sector; for instance, Comcast Corporation expanded in the residential energy space with an agreement with energy management solution provider EcoFactor, in February 2012. In accordance with this deal, Comcast Corporation will create a new service that optimizes the heating and cooling patterns of a home and integrates with the broadband and cloud-based platform. Recently, companies such as Ecofactor, Inc., OPOWER, Inc are providing analytics capabilities with residential energy management solutions. Analytical tools identify electricity and appliances usage patterns at consumer's premises to manage energy efficiently.

Solar PV panels are one of the technologies reinventing the traditional residential power industry. High solar penetration has created ways for creating and storing energy. New electricity storage capabilities and enhanced energy management tools are supporting residential customers to control usage and lower costs. For instance, BenQ Solar's PowerLegato is one of the residential energy storage systems in the market which helps in efficient energy utilization. Additionally, one of the recent trends in residential energy management is the 'communicating thermostat' solution which provides a means for two-way communication between the energy company's central office and the homes. In this way, the energy company can remotely monitor and adjust temperature settings. Companies such as Honeywell International Inc. are launching smart thermostats with geo-fencing capability to cater residential energy management market.

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter's five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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